Transcription of PETROLEUM REGULATIONS OF THE REPUBLIC OF …
1 PETROLEUM REGULATIONS of the REPUBLIC of equatorial guinea PETROLEUM REGULATIONS . OF. THE REPUBLIC OF equatorial guinea . 1. PETROLEUM REGULATIONS of the REPUBLIC of equatorial guinea PAGE INDEX. PRELIMINARY RECITALS. chapter I FUNDAMENTAL AND GENERAL PROVISIONS- Page 7. Article 1: Article 2: Purpose Article 3: Scope chapter II DEFINITIONS - Page 8. Art cle 4: Definitions chapter III COMPETENCIES AND MONITORING OF PETROLEUM OPERATIONS . Page 15. Article 5: Ministry Records Article 6: Provision of Information by Contractors and Licensees Article 7: Inspection of PETROLEUM Operations Article 8: Ministry's Powers of Inspection Article 9: Technical Standards Article 10: Emergency Powers chapter IV AWARD OF CONTRACTS Page 18.
2 Article 11: Powers of Minstry Article 12: Form of Contract Article 13: Definition of Contract Areas Article 14: Competitive International Public Tender Article 15: Direct Negotiation or Award Article 16: Effective Date Article 17: Guarantees of Performance Article 18: Joint Operating Agreements chapter V OVERLAPPING AND CONFLICTING RIGHTS Page 18. Article 19: Discovery of Other Minerals Article 20: Basis of Ministry's Decision Article 21: Extension of Affected Person's Rights Article 22: Determination of Compensation chapter VI EXPLORATION AND PRODUCTION OPERATIONS Page 19. Article 23: Conduct of Exploration and Production Operations Article 24: Working Conditions Article 25: Standard of Equipment Article 26: Duration and Phases of Contracts Article 27: Contracts for Production Period Only Article 28: Exploration Risk Article 29: Exploration Periods Article 30: Extension of Exploration Periods Article 31: Minimum Exploratio Work Obligations Article 32: Obligatory Exploration Wells Article 33: Exploration 2.
3 PETROLEUM REGULATIONS of the REPUBLIC of equatorial guinea Article 34: Drilling of Wells Article 35: Prospecting Operations in Adjacent Areas Article 36: Mandatory Relinquishment Article 37: Voluntary Relinquishment Article 38: Relinquishments Generally Article 39: Discovery Article 40: Non-Commercial Discovery Article 41: Appraisal Programme Article 42: Appraisal Report Article 43: Commercial Discovery Article 44: Development and Production Period Article 45: Submission of Development and Production Plan Article 46: Contents of Development and Production Plan Article 47: Demarcation of Development and Production Area Article 48: Extension of Field beyond Development and Prduction Area Article 49: Review and Approval of Development and Production Plan Article 50: Modifications to Development and Production Plan Article 51: Mandatory Relinquishment and Future Operations Article 52: Development and Production Operations Article 53: Commencement of Commercial Production Article 54: Title to Hydrocarbons Article 55: Disposal of Hydrocarbons chapter VII METERING AND RECORDS Page 31.
4 Article 56: Measurement of Oil and Gas Article 57: Measuring Instruments Article 58: Transaction Schedule Article 59: Units of Measurement Article 60: Components of Liquids Measurement System Article 61: Components of Gas Measurement System Article 62: Measurement Favilities Article 63: Inspection Article 64: Rights of Inspectors Article 65: OperationalProcedures in Case of Failure or Error Article 66: Measurement, Testing and Calibration Reports Article 67: Acceptable Tolerances Article 68: Calibraton and Certification Article 69: Mixing of Production Article 70: Security of Mesurement Article 71: Competence Article 72: Liftng of Crude Oil from a Field Article 73: Loading or Discharging at a Marine Terminal chapter VIII WORL PROGRAMME AND PETROLEUM OPERATIONS BUDGET.
5 Page 42. Article 74: Submission of Annual Work Programme and Annual Budget Article 75: Form of Annual Work Programme and Annual Budget Article 76: Review and Approval of Annual Work Programme and Annual Budget Article 77: Modifications to Annual Work Programme and Annual Budget Article 78: Unauthorised Expenditures Article 79: Emergency or Accident Article 80: Content of Annual Work Programme for Exploration Phase Article 81: Content of Annual Ework Programme for Appraisal Phase 3. PETROLEUM REGULATIONS of the REPUBLIC of equatorial guinea Article 82: Annual Work Programme for Development Phase Article 83: Annual Work Programme for Production Phase chapter IX DEL OPERATOR Page 46.
6 Article 84: Technical Operator and Administrative Operator Article 85: Award of Contracts chapter X REFINING, STORAGE, COMMERCIALISATION AND TRANSPORTATION. Page 47. Article 86: Refining and Commercialisation Licenses Article 87: Refining and Commercialisation Activities Article 88: Sources of Feedstocks and Products Article 89: Prohibition and Enforcement Notices Article 90: Refining Activities Article 91: Commercialisation Activities Article 92: Marine Terminals Article 93: Storage Article 94: Data and Stockholding Article 95: Decommissioning of Premises Article 96: Road Transportation Article 97: Sale of Products Article 98: Product Specifications Article 99: Anticompetitive Agreements Article 100: Abuse of Dominant Position Article 101.
7 Power and Competences of Ministry Article 102: Customs, Tariffs and Facilities chapter XI FACILITIES AND LAND Page 58. Article 103: Construction of Facilities Article 104: Occupation of Land Article 105: Terms of Occupation of Land Article 106: Residence of Personnel Article 107: Assistance of Ministry Article 108: Opening of Branch Office Article 109: Premises chapter XII JOINT DEVELOPMENT AND UNITISATION - Page 60. Article 110: Joint Development and Production Article 111: Notification to Ministry Article 112: Joint Development Agreement and Joint Development Plan Article 113: Contents of Joint Development Agreement Article 114: Contents of Joint Development Plan Article 115: Review and Approval of Joint Development Plan Article 116: Amendment of Approved Joint Development Agreement and Plan Article 117: Preparation of Jpint Development Agreement and Plan by Consultant Article 118: International Unitisation Article 119: Extension of Contract Deadlines chapter XIII ACCOUNTING AND AUDIT Page 63.
8 Article 120: Maintenance of Books and Records by Contractors 4. PETROLEUM REGULATIONS of the REPUBLIC of equatorial guinea Article 121: Submission of Accounts by Contractors Article 122: Audit of Contractors by Ministry Article 123: Currency and Accounts under Contracts Article 124: Timing and Overdue Payments under Contracts Article 125: Payment of Taxes by Contractors Article 126: Maintenance of Books and Records by Licensees Article 127: Audit of Licensees by Ministry Article 128: Payment of Taxes by Licensees chapter XIV CUSTOMS IMPORTATION AND EXPORTATION Page 65. Article 129: Import of Equipment Article 130: Export of Equipment Article 131: Export of Production Article 132: Customs Authorities Article 133: Foreign Currency chapter XV ENVIRONMENTAL PROTECTION AND SANITATION, HEALTH AND.
9 SAFETY Page 66. Article 134: Care of the Environment Article 135: Damage to the Environment Article 136: Powers of the Ministry Article 137: Environmental Impact Assessments Article 138: Safety Zones chapter XVI LIABILITY Page 68. Article 139: Liability and Indemnity Article 140: Joint and Several Liability Article 141: Insurance chapter XVII NATURAL GAS Page 69. Article 142: Application of REGULATIONS to Natural Gas Article 143: Flaring of Natural Gas Article 144: Discovery of Unassociated Natural Gas Article 145: Discovery of Associated Natural Gas Article 146: Price of Natural Gas chapter XVIII NATIONAL COMPANIES Page 71.
10 Article 147: Participation Interests Article 148: Non-Transferability of Rights chapter XIX STATE ENTITLEMENT AND PARTICIPATION Page 71. Article 149: State Entitlement Article 150: Royalty Article 151: State Participation Article 152: Liability for and Recovery of Costs Article 153: Conversion of Carried Interest to Paid Interest Article 154: Representation on Joint Operating Committee 5. PETROLEUM REGULATIONS of the REPUBLIC of equatorial guinea chapter XX DOMESTIC CONSUMPTION REQUIREMENTS Page 73. Article 155: Satisfaction of Domestic Consumption Requirements chapter XXI LOCAL CONTENT Page 74. Article 156: Use of National Products and Services Article 157: Recruitment, Integration and Training of Equatoguinean Personnel chapter XXII TERMINATION OF CONTRACTS Page 75.
